ACWA

Acwa Power’s Jordan plant launches commercial operations – Jordan

Saudi-based Acwa Power, a major developer of power and water desalination projects, said its joint venture IPP (independent power project) with Jordan’s National Electric Power Company (Nepco) in the Zarqa region of Jordan, has entered commercial operations adding 485 MW electricity to the country’s grid.

The Acwa Power Zarqa combined cycle power plant can generate the equivalent electricity needed to supply up to 350,000 Jordanian households and is the most efficient thermal power plant in Jordan, said a statement from the Saudi company.

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ACWA Power consolidates its stake in RAWEC – Saudi Arabia

ACWA Power, a developer, owner and operator of power generation and water desalination plants, has announced the completion of the acquisition of certain shares and debt instruments/loan notes owned by Marubeni Corporation in Rabigh Arabian Water & Electricity Company (RAWEC) and certain shares owned by Marubeni in RAWEC’s Operations & Maintenance Company, namely Rabigh Power Company (RPC).

RAWEC is the captive utilities (power, water and steam) provider to Rabigh Refining and Petrochemical Company (Petro Rabigh Corporation), a joint venture formed in 2005 between Sumitomo Chemical, Japan and Saudi Aramco, which owns, operates and manages the Rabigh petrochemical complex.

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ACWA Power signs final financial agreements for one of the world’s largest SWRO desalination projects in Saudi Arabia – Saudi Arabia

ACWA Power, a leading developer, owner and operator of power generation and water desalination plants, leading a consortium with Saudi Brothers Commercial Company(“SBCC”), announced the successful signing of senior financing and hedging agreements for the SR 2.625 billion (USD 700 million) Rabigh-3 IWP which will generate 600,000 m³/day – making it one of the largest SWRO desalination projects in the world to be built in the Kingdom of Saudi Arabia.

The water purchase agreement was signed on 24th of December 2018 by HE Eng. Abdulrahman bin Abdulmohsen Al-Fadley, Minister of Environment, Water and Agriculture and Chairman of Water & Electricity Company (WEC), as WEC will act as the off taker of the project.

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Acwa, Huawei in tie-up to develop PV market – Saudi Arabia

Saudi Arabia’s Acwa Power, a leader in power and desalination water plants, has signed a global cooperation agreement with Huawei at the recent Sino-Saudi Investment Forum in Beijing to develop the photovoltaic (PV) market.

The two firms will apply  cutting-edge technologies such as artificial intelligence, big data, and cloud computing to PV plant projects to promote the industry’s progress with technological innovation.

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Acwa Power seals utility project deals with China – Saudi Arabia

Saudi-based Acwa Power has signed deals with Chinese entities, Silk Road Fund and Huawei, to lay the ground for collaboration in further investments and technological advancements of power generation and water desalination plants being developed and operated by the Saudi group.

This MoU comes as part of the official visit of HRH Prince Mohammed bin Salman bin Abdulaziz, the Crown Prince of Saudi Arabia, Deputy Prime Minister and Minister of Defence, to China.

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ACWA Power set to expand power generation capacity with $35bn investment in next five years – Saudi Arabia

The Saudi Arabia-based power generation company, ACWA Power, has confirmed plans to increase its water desalination and power generation capacity and grow during the next five years with investments valued at approximately $35bn, according to Trade Arabia.

As the quickest growing power and water developer in the Middle East and Africa, the company is expected to enter newer territories as part of its new growth strategy.

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Saudi ACWA Power plans to double water desalination and power generation capacity in 5 years – Saudi Arabia

ACWA Power, a global leader in water desalination and power generation, successfully wrapped up its presence at the 12th edition of the World Future Energy Summit (WFES), which took place on Jan. 14-17, 2019 as part of Abu Dhabi Sustainability Week (ADSW).

ACWA Power cemented its position as a leading sustainability enabler in the region through its participation as WFES and engaged with stakeholders in the industry to highlight its commitment to producing electricity and desalinated water efficiently, reliably, and safely at low cost.

ACWA Power continuously supports the vision and foresight of the United Arab Emirates in bringing together the principal actors from all over the world to create awareness, foster debate, and catalyze action that can help guide to the path of sustainable, secure and prosperous future.

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Acwa Power wins contract to develop Saudi water desalination plant – Saudi Arabia

Saudi Arabia’s utility developer Acwa Power won a contract to develop the Rabigh 3 independent water-desalination plant (IWP) located on the kingdom’s Red Sea coast.

The Riyadh-based company submitted the lowest price among five bidders and its consortium with Saudi Brothers Commercial Company was selected to develop the desalination plant, Acwa Power said in a statement on Tuesday.

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GE Power sign contract with ACWA subsidiary (NOMAC) to enhance globally performance at 26 Power Generation and Desalination Sites

-GE will implement its Asset Performance Management (APM) software solution for NOMAC, a wholly-owned subsidiary of ACWA Power, for the early detection of potential operational challenges across 26 power generation and desalination sites in 9 countries
-APM will be integrated as part of NOMAC’s Monitoring and Prediction Center and will help reduce unscheduled downtime and maintenance duration, as well as increase operational efficiency and reliability
GE Power signed a deal with the First National Operations and Maintenance Company (NOMAC), a wholly-owned subsidiary of Saudi Arabia’s ACWA Power, to implement its APM solution, powered by Predix at 26 thermal, wind and solar power generation and water desalination sites. The facilities are located across Saudi Arabia, UAE, Oman, Morocco, Jordan, Turkey, South Africa, Bulgaria and Vietnam. Together, they generate more than 22,000 megawatts (MW) of electricity and over 2.5 million cubic meters of water per day. NOMAC provides operations and maintenance services at these facilities and APM will help them reduce unscheduled downtime and maintenance duration, as well as to increase operational efficiency and reliability at the plants.

The agreement was signed by Julio Torre Gutierrez, President & CEO of NOMAC and Bhanu Shekhar, Chief Digital Officer of GE Power in the Middle East & Africa, in the presence of other senior executives from both companies at GE Digital’s 6th Annual Minds+Machines Conference held in San Francisco on October 25 and 26.

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Desalination plant to be awarded in October – Oman – Sharqiyah

…. desalination project in Sharqiyah will be awarded by Oman Power and Water Procurement Company (OPWP) next month, said Yaqoob bin Saif Al Kiyumi, chief executive officer of OPWP.

Four consortiums led by prominent international developers—JGC, GS Inima, ACWA, and Tedagua—are bidding for a license to develop the IWP, which will have a desalination capacity of 17.6 million imperial gallons per day (MIGD).

The plant is expected to start operations in the third quarter of 2019, aimed at meeting growing demand for potable water. A request for proposal (RfP) for two IWPs—Sahrqiyah and Salalah IWPs—was issued in March 2016 by OPWP, which oversees all new water and power capacity in the Sultanate.

Al Kiyumi also said that another IWP in the Sultanate’s southern Salalah region, which will have a desalination capacity of 22 MIGD, got delayed and the same will be awarded in the fourth quarter of 2017. “There are (certain) administrative aspects, which we are trying to resolve before awarding the project.”

Total investment for both the desalination projects is estimated at OMR105 million, according to earlier reports.

The proposed projects will be given to private developers on a build, own, and operate (BOO) basis. The Salalah plant is expected to be brought into commercial operation in 2020. Salalah, the capital of the Dhofar governorate, accounted for around 81 per cent of the total water consumption in 2016.

This share is projected to decline slightly over the next seven years due to higher growth rates in the wilayats of Marbat and Taqah.

The respective growth rates for the wilayats of Salalah, Marbat and Taqah will be 8 per cent, 13 per cent, and 14 per cent per year during the seven-year period. ….

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